In the 45th session of Chandoo.org podcast, let's get in to Monte Carlo simulations.

What is in this session?

In this podcast,

Quick personal updates - 200km BRM and book delay

History of Monte Carlo simulations

Monte Carlo simulations - an example

How to do simulations in Excel

Formulas

VBA

Data Tables

Using data tables to run simulations - case study - estimating Pi value

Things to keep in mind when setting up your simulation models

Resources on Monte Carlo simulations in Excel

Conclusions